Ryanair bullish on Aer Lingus buy December 11, 2012 Ryanair chief exec Michael O’Leary said yesterday he is confident the European Commission will accept a new package of remedies offered to win approval for its bid to buy Irish rival Aer Lingus. The concessions to EU antitrust regulators were submitted on Friday. O’Leary said that if the proposed deal is reviewed “on the same [...]
London Report: Banks lead FTSE to highest close in three weeks September 5, 2013 BRITAIN’S top share index marked a three-week closing high yesterday as Lloyds led banks higher in the sector’s strongest session in two months. Lloyds jumped 2.9 per cent after both Bernstein and Morgan Stanley gave a target share price of 100p for the bank, currently trading at 73p, as the British government prepares for its [...]
Ryanair blames watchdog for a hike in charges November 29, 2012 RYANAIR will today introduce two surcharges on its online flight bookings, blaming an Office of Fair Trading ruling for the hike in fees. The low-cost airline, which has been on the receiving end of several OFT complaints over surprise booking fees, said it is adding the levies after the watchdog’s crackdown on air tickets over [...]
Ryanair to grow organically if bid is blocked November 18, 2012 RYANAIR may mount a legal challenge if its bid to buy Irish rival Aer Lingus is blocked by the European Union but it will not pursue further acquisitions if the merger ultimately fails, its chief executive has told Rueters news agency. Michael O’Leary is trying for the third time to buy Ireland’s once dominant airline, [...]
Ryanair appeal over Aer Lingus bid hit by court rejection in UK December 13, 2012 EUROPE’S largest budget carrier, Ryanair, yesterday lost its appeal to block an investigation into its near-30 per cent stake in rival Aer Lingus. The UK’s Court of Appeal ruled that it is within the jurisdiction of the Competition Commission (CC) to investigate Ryanair’s ownership. The CC is investigating the case after the Office of Fair [...]
Ryanair raises forecasts after strong demand November 5, 2012 RYANAIR, Europe’s biggest budget airline, yesterday raised its full-year profit forecast after higher fares, lower than expected fuel costs and a surge in demand after the Olympics helped it beat first-half expectations. The Ireland-based airline, waiting to hear whether EU regulators will approve its takeover of domestic peer Aer Lingus, also said it was benefiting [...]
Ryanair raises forecasts after strong demand November 5, 2012 RYANAIR, Europe’s biggest budget airline, yesterday raised its full-year profit forecast after higher fares, lower than expected fuel costs and a surge in demand after the Olympics helped it beat first-half expectations. The Ireland-based airline, waiting to hear whether EU regulators will approve its takeover of domestic peer Aer Lingus, also said it was benefiting [...]
Ryanair posts jump in first-half profit November 5, 2012 Ryanair this morning posted a 10 per cent jump in first-half profit, thanks to higher fares and lower fuel costs. The Dublin-based airline said fares rose six per cent in the second half, coupled with a surge in passenger numbers during the summer months. Net profit for the six months to September came in at [...]
Ryanair is confident on Lingus bid despite objections from EU November 14, 2012 RYANAIR remains confident of securing European Union approval of its bid to take over Irish rival Aer Lingus, despite receiving a statement of objections from its competition watchdog, the budget airline said yesterday. Ryanair said the European Commission submitted its objections on Tuesday, but it has not made them public. The airline still has the [...]
US drugmaker Perrigo buys Elan for $8.6bn July 29, 2013 IRISH biotech firm Elan yesterday accepted an $8.6bn takeover offer from US drug maker Perrigo, just weeks after batting off a hostile approach from Royalty Pharma. Perrigo will pay $6.25 per share in cash plus $10.25 per share in stock for Elan, in a deal that will see the Michigan firm almost halve its [...]